Tomason Place II

from aptfinder.org

Properties for Individuals and Families

These properties have open eligibility in that they do not restrict occupancy to a particular age population (seniors) or disabled households. Most properties will require that the head of household be over the age of 18 or an emancipated minor. The number of persons in an apartment will be restricted to bedroom size, in most cases, and a few properties have set-aside certain units within their property for seniors and/or persons with a disability.
Single persons, roommates, couples and families are welcome at these properties- unless otherwise indicated on the listing.

Please call the MAIN CONTACT on each property listing for specific program or property eligibility.

Approximate Wait:No waiting list at this time

Special Eligibility:

This property is a WSHFC Tax Credit and Tax-Exempt Bond-Financed property under Section 42 program that offers affordable non-subsidized apartments to low income households.

Brand new Tax-Exempt Bond-Financed property in a great location close to town, shopping and restaurants. Secure building, on site fitness center, playground area as well as onsite management and maintenance.

Properties in this category are private or publically owned properties that accept applicants with a Housing Authority provided Housing Choice Section 8 voucher or certificate. You must first have applied and received a voucher through your local housing authority program. You should contact your city or county Housing Authority directly for an application for their voucher/subsidy program.

All properties listed on our site that do not have Project-Based subsidy through another government program will take a Section 8 voucher. Vouchers are portable and transferrable because they stay with the household, not the property, once you move out of the property. Then you can take your voucher to a property that accepts them and receive a subsidized rent.

With a voucher or certificate, you will generally only pay 30% of your monthly household income for rent. Maximum rent amounts that the owner can charge are designated by the Federal Government and income limits apply. If an owner wishes to charge more than the maximum rent authorized by the housing authority, the tenant may be asked to pay all or part of the difference.

Please call the MAIN CONTACT on each property listing for specific program or property eligibility.

These properties have entered into a long term contract with the Washington State Housing Finance Commission to keep rents affordable to low income households for at least 21 years. In exchange for their commitment, owners of Tax Credit properties (LIHTC) are able to reduce their IRS tax assessment as long as qualified families are placed in their apartments and remain income qualified.

These properties do not have Project-Based subsidy, so unless there is another subsidy program "layered" into a Tax Credit property, or you have a Housing Authority Section 8 Voucher, your rent will not be subsidized.
The rent you will qualify for at these properties are restricted by HUD rent limits and will depend upon your annual income level. These are called income set-asides. The property may have rent ranges, lowest to highest, but a family in a higher income level may not qualify for the lowest rent level. There may also be some other set asides at the property, called occupancy set asides, such as for large families, disabled households or farm labor households. Properties with these types of set asides would give preference for rents and units to households that qualify.

Waiting lists can also vary greatly at these properties. There are often much longer wait times for the lower rent amounts and may be no wait at all for the higher rent amounts at the property. In addition, often your annual income level may determine which unit you will qualify for. This can also effect the time you may need to wait for a unit to become available.

For example,
Let's say a property has a Tax Credit income set aside of 30% units at a rent of $350 per month. That rent is only available if your gross annual income is less than, for example, $15,000 per year. If all of the 30% units are currently occupied, your household could not immediately move-in to a 30% unit. You may have to either wait for a 30% unit to become available, or, if you can afford a higher rent, you can move-in more quickly.

Tax Credit properties usually have more than one income set aside, so units are generally offered at varying rents between 30%-80% area median income. They will also generally have a minimum monthly income requirement, such as 2x the amount of the rent.

Please call the MAIN CONTACT on each property listing for specific program or property eligibility.

These rent amounts are generally the lowest and highest rents currently reported at this property. Please call the main contact listed above for details and requirements.

# of Bedrooms

Rent Range

# of units

2 Bedrooms

$633

-

$695

11 Unit(s)

3 Bedrooms

$730

-

$795

10 Unit(s)

4 Bedrooms

$805

-

$895

7 Unit(s)

Total Units:

Directly Subsidized (Project-Based) Units:

28 Units

0 Units

Rent Detail: This property is a Washington State Housing
Finance Tax Credit and Bond property and offers affordable non-subsidized apartments for low income households. Your rent is based on the non-subsidized Tax Credit rents listed. The rent you will qualify for will depend upon your income and availability of the units at the differing rents. Income limits apply. Please call for details and eligibility. We also accept housing authority provided Section 8 vouchers.

This Page was Last Updated January 20, 2015

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